The Table Below Shows the Quantity Demanded (In Thousands) and Quantity

question 102

Multiple Choice

The table below shows the quantity demanded (in thousands) and quantity supplied (in thousands) of computers in the U.S. and Canada at different prices.Table 20.5

-According to Table 20.5, the equilibrium quantity of computers traded in the world market is:

• A)20,000 computers.
• B)30,000 computers.
• C)10,000 computers.
• D)15,000 computers.
• E)40,000 computers.

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Definitions:

Land

A non-depreciable asset that typically refers to the solid surface of the earth that a business owns and uses for business purposes.

Operating Activities

Activities that relate directly to the operation of a company, including production, sales, and day-to-day business functions.

Accounts Receivable

Money owed to a company by customers for products or services that have been delivered but not yet paid for.

Statement of Cash Flows

A financial report summarizing the total cash inflows and outflows experienced by a company.